EUR/USD TECHNICAL OUTLOOK : 3.3.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Fundamental Overview
Euro is trading at 1.0515, after a brief attempt to break below the 1.05 level in the US session yesterday. Economic data was positive with the inflation rate touching the 2% mark. Euro continued to be sold off despite this positive data as markets focused on the dollar strength and are pricing in the policy divergence between the US and EU. Retail sales and services PMI data from the EU and Germany are due to be reported today but the focus would be the dollar’s surge and we expect Euro to break the 1.05 level today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 EUR German Retail Sales (MoM) (Jan) 0.20% -0.90%
14:25 EUR German Services PMI (Feb) 54.4 54.4
14:30 EUR Markit Composite PMI (Feb) 56 56
14:30 EUR Services PMI (Feb) 55.6 55.6
15:30 EUR Retail Sales (MoM) (Jan) 0.40% -0.30%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
EUR/USD. Pair after Opening at 1.0551 and made a high of 1.0551 and saw the pair trading with some sidewise to negative bias, and in the us session the pair the pair went below the levels of 1.05 and now trading near 1.0520 so as the trend remains on the weaker side, with pair making low top and lower bottom, so traders shall utilize rise to sell the pair on intraday basis with immediate strong resistance coming at 1.06 levels.Fundamental Overview
Euro is trading at 1.0515, after a brief attempt to break below the 1.05 level in the US session yesterday. Economic data was positive with the inflation rate touching the 2% mark. Euro continued to be sold off despite this positive data as markets focused on the dollar strength and are pricing in the policy divergence between the US and EU. Retail sales and services PMI data from the EU and Germany are due to be reported today but the focus would be the dollar’s surge and we expect Euro to break the 1.05 level today.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 EUR German Retail Sales (MoM) (Jan) 0.20% -0.90%
14:25 EUR German Services PMI (Feb) 54.4 54.4
14:30 EUR Markit Composite PMI (Feb) 56 56
14:30 EUR Services PMI (Feb) 55.6 55.6
15:30 EUR Retail Sales (MoM) (Jan) 0.40% -0.30%